U.S. Treasury par yields · 2026-08-13
+0.48% 2s10s spread
Source: U.S. Department of the Treasury via FRED · as of 2026-08-13.
Rates & Inflation
U.S. Treasury rates
U.S. Treasury yield curve
U.S. Treasury par yields · as of 2026-08-13
Yield curve shape
A yield curve plots what it costs to borrow for different lengths of time: the 3-month bill up to the 30-year bond. Usually longer borrowing costs more (the line slopes up — you get paid for locking money up). When the line slopes down (inverted), short-term borrowing costs more than long — historically a warning sign for the economy. The curve also tells us how it looks today compared with history: steep is expansion, flat is uncertain, inverted is a red flag.
Curve steep — expansion signal
Steepening
The 2s10s spread is positive (+0.48%), consistent with a normal/expanding cycle. Longer yields above short — watch whether the steepening persists (risk appetite) or the front end reprices. The 3m10y spread is +0.76%. As of 2026-08-13.
The current 2s10s is positive — historically that has been the normal regime about 31% of the time.
Interpretation auto-generated from the live curve · historical context locked at snapshot time
U.S. Treasury par yields
| Maturity | Yield | As of |
|---|---|---|
| 3-month | 3.87% | 2026-08-13 |
| 2-year | 4.15% | 2026-08-13 |
| 5-year | 4.32% | 2026-08-13 |
| 10-year | 4.63% | 2026-08-13 |
| 30-year | 5.21% | 2026-08-13 |
Live FRED data · as of 2026-08-13 · auto-refreshes daily
The par yields are the official U.S. Treasury lending rates for each maturity, published daily. They are the raw numbers behind the curve above — the baseline cost of borrowing for the government, which everything else in markets prices off.
Curve spreads
- 2s10s 0.48% as of 2026-08-13
- 3m10y 0.76% as of 2026-08-13
Derived from live FRED yields · as of 2026-08-13 · auto-refreshes daily
2s10s = 10-year yield minus 2-year yield — the classic "is the economy healthy?" gauge. Positive is normal (you earn more for locking money up longer); near zero is uncertain; negative is inverted, historically a warning sign. 3m10y = 10-year minus 3-month — the Fed's favorite inversion gauge, watched for rate-cut signals.
Dollar index
U.S. dollar index
99.67 index
-0.29 vs prior
Yahoo Finance chart · as of 2026-08-14
Live market quote · as of 2026-08-14 · refreshes every 10 min
The U.S. dollar index measures the dollar against a basket of major currencies. A rising dollar makes imports cheaper but squeezes exporters and commodities; a falling one does the reverse. It is the other side of the interest-rate story — when U.S. yields move, the dollar often follows.